The Recipe for Success:
Key ingredients for today’s entrepreneurs
Presented by SCORE.org
1: Professional Experience
Entrepreneurs with a track record of success more
likely to succeed. A seasoned entrepreneur is likely to:
Less likely to
2: Sufficient Bread... and a Plan
= Business Plan
= No Business Plan
with a plan
see nearly 2x
3:The Secret Sauce: Personality!
Openness, Fluid Intelligence, and agreeableness
are traits of successful entrepreneurs.
What bad habits spoil the soup?
Excuse-making, Predatory Aggressiveness,
Deceitfulness, Emotional Instability and
Mentors are the
“T Chefs” that
help new businesses!
Entrepreneurs that work with Mentors are...
raise investment grow demand
for their product
are still in business
after 1-2 year
And more likely to thrive and hire, too!
in association with
• Founder Institute Study: http://fi.co
• Harvard Peer Review Paper - Performance Persistence in Entrepreneurship:
• The Start-up Genome Project: http://blog.startupcompass.co/
• MicroMentor Business Outcomes Survey: http://www.micromentor.org/mentor/impact